European Factors to Watch-Shares seen lower as oil slides

martes 26 de enero de 2016 03:24 GYT

(Adds futures prices, details)

MILAN Jan 26 (Reuters) - European shares were expected to open lower on Tuesday, extending a drop seen in the previous session, following losses in Asia overnight and as oil prices continued to tumble.

Futures on the Euro STOXX 50, German DAX, French CAC and Britain's FTSE were all down by between 1.2-1.6 percent by 0711 GMT.

Asian shares retreated on Tuesday, with fears of a global economic slowdown showing no sign of abating as oil prices plunged on new worries about oversupply by top producers.

On Monday, the pan-European FTSEurofirst 300 index ended down 0.7 percent.

Shares in Siemens were expected to open higher after Europe's biggest industrial group raised its full-year earnings forecast on strong first-quarter results.

Philips could also be in focus after the Dutch maker of LED lights and medical scanners reported core fourth-quarter earnings ahead of expectations but issued a cautious outlook for 2016.

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